Though many believe that stocks will face a "significant correction" once the central bank begins to taper its bond-buying campaign, "we disagree," writes Wells Fargo's Jim Paulsen.

After the Standard & Poor's 500 index almost reached 1700 a few weeks ago, the stock market's upward momentum has been broken by various crosscurrents. With the mid-year July 4th holiday approaching, its a good time to muse a little about what lies ahead in the rest of 2013 for both the economy and the financial markets?

What will the Fed do? Or stop doing? Although U.S. economic activity has certainly broadened in the last year, will its growth remain subdued? Is 'Abenomics' reviving Japan and will 'Draghinomics'...